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  • MTN Nigeria has dominated the country's telecommunications market over the years, accounting for the largest market share. All four operators, apart from 9mobile, recorded a significant increase in their subscriber base between May 2014 and March 2024.

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    The 2024 Global Peace Index reveals a decline in peacefulness in 97 countries, the highest since the index began.

    Nigeria is among the nations affected by regional conflicts and rising violence. With a peace index score of 2.91, Nigeria is facing increasing challenges.

    A deteriorating peace score impacts foreign investment and economic stability. Global economic losses due to violence reached $19.1 trillion in 2023.

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  • Only 10% of Nigerians earn above ₦100,000, according to the Nigerian Financial Services Market Report. This aligns with most reports about Nigeria, and it's in sharp contrast to the narratives online.
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    A Trend of Adult literacy rates of African countries

    Between 2018 and 2021, adult literacy rates across African nations exhibited significant disparities. Seychelles and South Africa led with literacy rates of 96% and 95%, respectively, indicating a high proportion of literate adults. Conversely, Chad had the lowest literacy rate during this period.

    These statistics underscore the uneven progress in educational attainment across Africa, highlighting the need for targeted interventions to improve literacy in lower-performing nations.

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  • The FAAC's revenue distribution from 2017 to August 2023 highlights the dominance of Delta, Akwa Ibom, Rivers, and Bayelsa states in allocations. Despite Lagos' economic prominence, it ranked fifth. Here is the distribution of revenue among states between 2017 and August 2023.

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    Countries by Global Innovation Index 2024

    The Global Innovation Index 2024 reveals a striking contrast in innovation performance between countries globally and across Africa. Switzerland leads the global rankings with an impressive score of 67.5, followed by Sweden (64.5) and the USA (62.4), highlighting their sustained investments in research, development, and technological advancement.

    In Africa, Mauritius takes the top spot with a score of 30.5, followed closely by Morocco (28.8) and South Africa (28.3). However, even Africa's most innovative nations achieve less than half the score of global leaders, indicating a significant innovation gap.

    Nigeria ranks 15th in the African ranking and 113th globally, out of 133 countries, with a score of 17.1.

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  • MTN Nigeria has dominated the country's telecommunications market over the years, accounting for the largest market share. All four operators, apart from 9mobile, recorded a significant increase in their subscriber base between May 2014 and March 2024.

    See more

  • The 2024 Global Peace Index reveals a decline in peacefulness in 97 countries, the highest since the index began.

    Nigeria is among the nations affected by regional conflicts and rising violence. With a peace index score of 2.91, Nigeria is facing increasing challenges.

    A deteriorating peace score impacts foreign investment and economic stability. Global economic losses due to violence reached $19.1 trillion in 2023.

    See more
  • Only 10% of Nigerians earn above ₦100,000, according to the Nigerian Financial Services Market Report. This aligns with most reports about Nigeria, and it's in sharp contrast to the narratives online.
    See more
Other Insights
 
  • Active bank accounts grew from 65 million in 2016 to over 320 million in 2025 — almost a fivefold increase.
  • Bank accounts per 100 people rose from about 32 in 2017 to nearly 135 in 2025.
  • Nigeria now averages more than one bank account per person.
  • The fastest growth phase occurred between 2019 and 2024.
  • Digital banking and fintech adoption played a major role in the surge.
  • The jump after 2020 suggests technology-driven access, not just population growth.
  • Multiple account ownership is now common among users.
See more
 
  • Jigawa has the highest share of unregistered businesses in Nigeria (96.1%) in 2025.
  • Over half (20) of Nigerian states have more than 50% of businesses operating informally.
  • Informality is not limited to poorer states; Lagos and Rivers both exceed 65%.
  • Southern and northern states alike show high informality, indicating a nationwide challenge.
  • Only a small group (10) of states have informality rates below 30%.
  • Kaduna records the lowest share of unregistered businesses (10.3%)
See more
 
  • Only nine African artistes have won multiple Grammy Awards, highlighting how rare repeat wins remain at the global level.
  • Angélique Kidjo and Ladysmith Black Mambazo lead Africa with five wins each, but Ladysmith holds the record for the most nominations (17).
  • High nomination counts do not guarantee wins; Seal (15 nominations) and Tems (8 nominations) have fewer wins than peers with far fewer nominations.
  • Recent entrants are closing the gap quickly, with Tyla converting 100% of her two nominations into wins.
See more
 
  • Lagos alone hosts 51 licensed cinemas, accounting for over half of all exhibition premises in the dataset.
  • The next three states—Ogun, FCT, and Rivers—combined have just 30 cinemas.
  • Only five states have five or more licensed cinemas, highlighting strong geographic concentration.
  • Several large states have two cinemas or fewer, pointing to limited formal exhibition infrastructure outside key urban hubs.
See more
 
  • President Tinubu has spent 237 days (about eight months) abroad since 2023.
  • France alone accounts for 89 days, making it his most-visited country.
  • The UK ranks second with 28 days.
  • The UAE, Brazil, and Saudi Arabia feature prominently.
  • Asia is well represented by China, India, and Japan, indicating growing engagement with Eastern economies.
  • Several African countries appear on the list, showing continued regional diplomacy.
  • Most countries recorded fewer than ten days, suggesting many short, targeted visits.
See more
 
  • Lagos is Africa’s third-largest city and ranks 14th globally.
  • Cairo remains Africa’s largest city, with over 23 million people, keeping Egypt at the centre of the continent’s urban network.
  • Kinshasa’s position shows Central Africa’s rising urban influence.
  • There is a steep population gap after the top three cities.
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  • Nigerian artistes have won 16 Grammy Awards in total since the awards’ inception in 1959.
  • Sade Adu and Seal lead all Nigerian-linked artistes with four wins each.
  • Tems represents the new generation, combining multiple wins with a high number of nominations.
  • Burna Boy’s 13 nominations and one win highlight the gap between recognition and awards.
  • Wizkid and several others have entered Grammy history but have yet to convert nominations into multiple wins.
  • Earlier Grammy successes were mostly by Nigerian-born artistes based abroad.
  • Recent wins have come from artistes rooted in Africa’s contemporary music scene.
  • The 2026 Grammys, with Tyla’s win and Fela’s recognition, highlight Africa’s growing influence in global music.
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  • The Nigerian Army is allocated ₦1.5 trillion, surpassing the ₦1 trillion mark and making it the highest-funded force in the proposal.
  • Police formations and commands receive ₦1.3 trillion, exceeding the ₦ 1 trillion threshold in the 2026 budget.
  • The Nigerian Navy’s proposed allocation stands at ₦443.9 billion, keeping it well below the trillion-naira range reached by the top two.
  • The Nigerian Air Force is allocated ₦407.2 billion.
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  • Deployed POS terminals grew from about 156,000 in 2017 to 8.4 million in 2025.
  • Nigeria added more than eight million terminals in eight years, indicating rapid adoption of digital payments.
  • Growth accelerated sharply after 2020, marking a major shift toward cashless transactions.
  • The highest year-on-year growth (116.8%) occurred in 2024, following the naira redesign.
  • About three million terminals were added in 2024 alone.
  • POS agents became critical financial access points during the period of cash shortage.
  • POS terminals now function as mini-banks in many communities.
  • Financial inclusion has expanded through agent-based banking and POS networks.
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  • “Water No Get Enemy” dominates Fela’s Spotify catalogue with 34 million streams, nearly double the second-ranked track.
  • “Zombie” remains one of his most powerful digital performers, with 19.7 million streams.
  • The top two songs account for a large share of total streams, indicating strong concentration around a few classics.
  • Politically and socially themed tracks rank highest, suggesting listeners connect strongly with Fela’s activist legacy.
  • Only three songs have crossed the 10-million-stream mark, showing a steep drop after the top tier.
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  • Ilyas El Maliki is Africa’s most followed streamer, with 846,900 followers on Kick.
  • Nigeria dominates the top ten, contributing seven streamers to the list.
  • Nigeria’s top streamers have a combined 1.35 million followers, showing a strong concentration of influence.
  • Follower distribution drops sharply after the top two.
  • Streaming influence in Africa is country-clustered rather than evenly distributed across the continent.
  • Platforms such as Twitch and Kick are enabling African creators to compete globally.
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  • Only 17 of 37 states and the FCT recorded above-midpoint entrepreneurship scores in 2025.
  • Kogi State leads nationally, outperforming all others on the SoE Index.
  • Strong entrepreneurship performance is not limited to Lagos or major commercial centres.
  • Several northern and middle-belt states rank high.
  • Urban and resource-rich states do not automatically guarantee strong entrepreneurial outcomes.
  • Local governance and operating conditions appear more influential than state size or wealth.
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1 2 3 … 120
  • Active bank accounts grew from 65 million in 2016 to over 320 million in 2025 — almost a fivefold increase.
  • Bank accounts per 100 people rose from about 32 in 2017 to nearly 135 in 2025.
  • Nigeria now averages more than one bank account per person.
  • The fastest growth phase occurred between 2019 and 2024.
  • Digital banking and fintech adoption played a major role in the surge.
  • The jump after 2020 suggests technology-driven access, not just population growth.
  • Multiple account ownership is now common among users.
Read more
  • Jigawa has the highest share of unregistered businesses in Nigeria (96.1%) in 2025.
  • Over half (20) of Nigerian states have more than 50% of businesses operating informally.
  • Informality is not limited to poorer states; Lagos and Rivers both exceed 65%.
  • Southern and northern states alike show high informality, indicating a nationwide challenge.
  • Only a small group (10) of states have informality rates below 30%.
  • Kaduna records the lowest share of unregistered businesses (10.3%)
Read more
  • Only nine African artistes have won multiple Grammy Awards, highlighting how rare repeat wins remain at the global level.
  • Angélique Kidjo and Ladysmith Black Mambazo lead Africa with five wins each, but Ladysmith holds the record for the most nominations (17).
  • High nomination counts do not guarantee wins; Seal (15 nominations) and Tems (8 nominations) have fewer wins than peers with far fewer nominations.
  • Recent entrants are closing the gap quickly, with Tyla converting 100% of her two nominations into wins.
Read more
  • Lagos alone hosts 51 licensed cinemas, accounting for over half of all exhibition premises in the dataset.
  • The next three states—Ogun, FCT, and Rivers—combined have just 30 cinemas.
  • Only five states have five or more licensed cinemas, highlighting strong geographic concentration.
  • Several large states have two cinemas or fewer, pointing to limited formal exhibition infrastructure outside key urban hubs.
Read more
  • President Tinubu has spent 237 days (about eight months) abroad since 2023.
  • France alone accounts for 89 days, making it his most-visited country.
  • The UK ranks second with 28 days.
  • The UAE, Brazil, and Saudi Arabia feature prominently.
  • Asia is well represented by China, India, and Japan, indicating growing engagement with Eastern economies.
  • Several African countries appear on the list, showing continued regional diplomacy.
  • Most countries recorded fewer than ten days, suggesting many short, targeted visits.
Read more
  • Lagos is Africa’s third-largest city and ranks 14th globally.
  • Cairo remains Africa’s largest city, with over 23 million people, keeping Egypt at the centre of the continent’s urban network.
  • Kinshasa’s position shows Central Africa’s rising urban influence.
  • There is a steep population gap after the top three cities.
Read more
1 2 3 … 239
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